Voc 2 Flashcards
Credit crunch
When it’s difficult to borrow money because lenders are being more strict.
A credit-rating agency
A company that assesses how risky it is to lend money to a company or country
Crop up
When unexpected financial issues or events appear suddenly.
A crook/ a swindler/ a conman
Someone who cheats or steals from others, often by pretending to offer financial benefits.
Debt
Money that a person, business, or government owes.
Depression
A long-lasting and severe downturn in the economy, with high unemployment and low spending.
Devaluation
When a country lowers the value of its currency relative to others, often to boost exports.
Downsize
When a company reduces its staff or operations to save money
Downturn
A period when the economy starts to slow down, with less spending and investment
Drastic budget cuts
Significant reductions in spending by governments or businesses to reduce debt
Enforce
Making sure economic rules or laws are followed.
To fall/ to slide/ to decrease/ to drop
When economic measures like stock prices or GDP go down.
Foreclosure
When a lender takes back property because the borrower couldn’t make payments.
Frugal
Being very careful with money and not spending unnecessarily.
Fungible
Something that can be easily exchanged for something else, like money or commodities
